Lite-On Technology Corp (光寶科技), the world’s biggest maker of power supplies for notebook computers, yesterday reported consolidated revenue of NT$11.03 billion (US$354.3 million) for last month, the second-highest monthly sales in the company’s history.
The Neihu (內湖), Taipei City-based company posted a record revenue of NT$11.27 billion in June.
Last month’s figure was up 7.2 percent from NT$10.29 billion in August, with all business units reporting consecutive monthly growth. Annually, the company saw revenue grow 14.54 percent from NT$9.63 billion a year ago.
“The sales growth was attributable to Lite-On’s ongoing expansion in market share, coupled with stable demand,” the company said in an e-mailed statement.
Consolidated revenue for the third quarter was NT$31.87 billion, down 1.48 percent from NT$32.35 billion in the second quarter, but up 20.04 percent from NT$26.55 billion a year earlier, company data showed.
For the first nine months of the year, accumulated sales were NT$92.88 billion, up 35.26 percent from NT$68.67 billion for the same period last year, the data showed.
Electronic devices and optoelectronic components are Lite-On’s major revenue sources, including switching-power supply products, LED backlighting for notebooks as well as PC monitors and handset casing and keyboard products.
The company said that all of its major business units showed steady growth last month, with its camera module segment posting the largest annual growth of 77 percent in sales.
It was followed by optoelectronics operations, with a yearly growth of 35 percent in sales, an increase of 22 percent for its PC keyboards and peripherals unit, while its power supply unit recorded 10 percent growth, according to Lite-On.
Shares of Lite-On have fallen 17.59 percent this year, underperforming a decline of 6.2 percent on the main bourse’s electronics sub-index, and an increase of 1.17 percent on the TAIEX.
The stock closed at NT$39.6 yesterday, up 2.72 percent from Tuesday, Taiwan Stock Exchange data showed.